London based global commodities broker Marex Spectron has just announced that it has completed the acquisition of the customer business of Rosenthal Collins Group LLC (RCG).
The broker has signed an agreement to acquire the independent futures commission merchant (FCM) based in Chicago, two months ago.
Marex Spectron will keep the RCG name and brand, 14,000 client accounts and balances, 150 associated staff and the Chicago headquarters.
As part of Marex Spectron, RCG clients retain the service model and gain access to new products and capabilities, including:
- A more extensive global exchange network of cleared exchanges via Marex Spectron’s global network.
- Direct access to London Metal Exchange, where Marex Spectron is a leading Category One member.
- New proprietary technologies and tools, including Marex Spectron’s NEON trading and risk platform.
- Marex Spectron’s extensive agricultural, metals and energy research.
- Over-the-counter (OTC) hedging and investment products across all asset classes through Marex Solutions.
- Marex Spectron’s larger balance sheet and investment grade rating.
Since its return to FX markets with a new platform last year, the broker has also acquired BGC’s CSC Commodities UK Limited and Energy Broking Ireland Limited.